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INTRODUCTION
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THIS IS YOUR PROGRAM; CONSTRUCTION MANAGEMENT
Question; Why do you need to learn “management” in construction ?
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Question; In general, what do you learn in “construction” ?
Basically is about; Method Material Machinery Manpower Money Time
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Question; So…… Why do you need to learn “management” in construction ?
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Look at….. Definition of management The process of planning, leading, organizing and controlling through people by people in meeting the required goals or objectives
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Then….. Is management is not enough ? Why do we need Strategic Management ?
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A definition of strategy Johnson & Scholes (Book; Exploring Corporate Strategy) define strategy as follows: "Strategy is the direction and scope of an organization over the long-term: which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfill stakeholder expectations".
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In simple word….. Strategic Management is The process by which the firm manages the formulation and implementation of the plan and the resulting decisions necessary to accomplish desired objectives
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Why is Strategic Management Important ?
Gives everyone specific role for achievement Makes a difference in performance levels Provides systematic approach to uncertainties Coordinates and focuses employees
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